B. Riley lowered the firm’s price target on Alpha Metallurgical to $252 from $254 and keeps a Buy rating on the shares after the company announced preliminary sales volumes and realizations for Q3 and updated its 2023 guidance. Alpha encountered some headwinds in Q3, including weather-related challenges that caused delays in vessel operations and mechanical issues, the analyst tells investors in a research note.
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Read More on AMR:
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- Alpha Announces Preliminary Sales Volumes and Realizations for Third Quarter 2023 and Revised Full Year 2023 Guidance
- Alpha Metallurgical price target raised to $254 from $199 at B. Riley
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